HB 23-1290

  • Colorado House Bill
  • 2023 Regular Session
  • Introduced in House Apr 25, 2023
  • Passed House Apr 24, 2023
  • Passed Senate May 05, 2023
  • Signed by Governor Jun 02, 2023

Proposition EE Funding Retention Rate Reduction

Abstract

The act refers a ballot issue to the voters at the November 7, 2023, statewide election to allow the state to retain and spend state revenues that would otherwise need to be refunded for exceeding the estimate in the ballot information booklet analysis for proposition EE and to allow the state to maintain the tax rates established in proposition EE that would otherwise need to be decreased. If voters reject the ballot issue, the state will both: Refund $23.65 million to distributors and wholesalers in a reasonable manner determined by the department of revenue; and Reduce by 11.53% the tax rates of the taxes on cigarettes, tobacco products, and nicotine products created or increased by proposition EE. If voters approve the ballot measure: The money set aside for the potential refund related to proposition EE will instead be transferred to the preschool programs cash fund and the general fund; and The new tax on nicotine products and the increased taxes on cigarettes and tobacco products in proposition EE will stay at the rates required by proposition EE. The refund or alternative spending is made or backfilled from revenue in the newly created proposition EE cash fund, which consists of $23.65 million from the preschool programs cash fund and the general fund. APPROVED by Governor June 2, 2023 EFFECTIVE June 2, 2023 (Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


May 05, 2023

Apr 24, 2023

Actions


Jun 02, 2023

Office of the Governor

Governor Signed

May 24, 2023

Office of the Governor

Sent to the Governor

May 23, 2023

Senate

Signed by the President of the Senate

May 19, 2023

House

Signed by the Speaker of the House

May 05, 2023

Senate

Senate Third Reading Passed - No Amendments

May 04, 2023

Senate

Senate Second Reading Special Order - Passed - No Amendments

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Senate Committee of the Whole Appropriations

May 02, 2023

Senate

Senate Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 25, 2023

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Apr 24, 2023

House

House Third Reading Passed - No Amendments

Apr 21, 2023

House

House Second Reading Special Order - Passed - No Amendments

House

House Committee on Appropriations Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Appropriations House Committee of the Whole

Apr 17, 2023

House

House Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 10, 2023

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (06/02/2023) PDF
Final Act (05/23/2023) PDF
Rerevised (05/05/2023) PDF
Revised (05/04/2023) PDF
Reengrossed (04/24/2023) PDF
Engrossed (04/21/2023) PDF
Introduced (04/10/2023) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/19/2023) PDF
Fiscal Note SA2 (05/03/2023) PDF
Fiscal Note FN1 (04/14/2023) PDF
Fiscal Note FN2 (08/09/2023) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.